Global Environmental Energy Cp (GEECF)

[ALERTS100%to10000%GAIN]

GEECF~~Biosphere Development Corp Canada Listed in Germany - DE:2BD
January 06, 2011 01:01 PM Eastern Standard Time
NASSAU, Bahamas--(BUSINESS WIRE)--Biosphere Development Corp Canada (ISIN CA09072D1050, CUSIP 09072D105, WKN A1CWP7, DE:2BD) has started to trade publicly on the Deutsche BÖrse.

On November 18, 2010, Biosphere Development Corp Nassau (134790B) formed a Canadian corporation Biosphere Development Corp Canada (ISIN CA09072D1050). Biosphere Canada has issued 1 share of its common stock per 100 shares of common stock held by shareholders in Biosphere Nassau.

Biosphere Canada markets Biospheres on license from Global Environmental Energy Corp., (DE:GLI) (OTC:GEECF.PK) (www.geecf.ru) in Asia and the Americas North & South. Biosphere Canada is currently manufacturing the first 6MW Biosphere system in Bangkok to be shipped to True Green Energy in the Philippines (TGEG Canada, Deutsche Borse AG; DE:TGG.

Biosphere Canada has paid €5,000,000 to Global for initial licensing rights to the Biosphere technology. In FY 2011, Biosphere Canada expects to acquire further contractual rights to Biosphere technologies. At that time Biosphere Canada (ISIN CA09072D1050) will pay a stock dividend to shareholders of record in Biosphere Nassau (134790B) with record date November 18, 2010. The value of this stock dividend will be calculated at a later date.

To receive Biosphere Canada shares shareholders in Biosphere Nassau are required to return their share certificates for reconciliation to Biosphere Development Corporation AP59223-0452 Cable Beach Nassau, Commonwealth of the Bahamas.

This press release contains forward-looking information within the meaning of Section 27A of the Securities Act of the 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor created by those sections.

Contacts
Biosphere
Mr. S. Ghafari, [phone]

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